940 Highway 98 E #21
About This Property
The manager has listed the unit size as 1289 square feet.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
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Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2025 | Price Decreased |
$439,000
↓ $30K
(6.4%) | |
| Price Decreased | |||
| May 2, 2025 | Listed | $469,000 | |
| Listed | |||
| | |||
|
Located in the vibrant heart of Destin, this meticulously maintained townhome is perfect as a first or second home or a vacation rental investment.
Having exclusively served as a private residence and never rented, this a fantastic opportunity with short- or long-term rental potential. TURN KEY AND MOVE-IN READY! With community deeded beach access close by, your toes can be in the sand in no time. Ideally situated within walking distance to Destin's top shops, restaurants, and attractions—including Big Kahuna's Water & Adventure Park—you'll enjoy the perfect balance of convenience and privacy in a peaceful community setting. SouthBay offers a host of amenities, including tennis and pickleball courts, two community pools, and picturesque fishing areas for tranquil afternoons Recent updates include all new hurricane-rated windows that meet Destin's building codes, providing both safety and energy efficiency. The kitchen has been upgraded with new cabinets and granite countertops, creating a modern and functional space for cooking and entertaining. The bathrooms have also been renovated with new vanities, toilets, and plumbing fixtures, ensuring both style and reliability for years to come.Throughout the home, new flooring has been installed, and fresh interior paint adds a bright, inviting atmosphere. With all interior doors replaced, the home offers a sleek, cohesive appearance that enhances its modern appeal. Sellers are offering a flooring allowance with acceptable offer.
This is a fantastic opportunity for a great deal! Don't miss your chance to own a slice of paradise in one of Destin's most desirable locations!
| |||
| Dec 12, 2018 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/13/2026
|
3 Bed
|
2 Bath
|
1289 ft²
|
$589,000
3 Bed
2 Bath
1289 ft²
|
$560,000
-4.92%
08/10/2026
|
Bruce Blankenship
RE/MAX Coastal Properties
| |
|
01/21/2026
|
2 Bed
|
2 Bath
|
1191 ft²
|
$499,000
2 Bed
2 Bath
1191 ft²
|
$405,000
-18.84%
08/14/2026
|
Terry Tallent
Aquatic Resort Properties Inc
| |
|
09/02/2024
|
3 Bed
|
2 Bath
|
-
|
$549,000
3 Bed
2 Bath
|
$470,000
-14.39%
06/27/2025
|
Wanda Duke
Destin - Crye*Leike Coastal Realty
| |
|
05/09/2024
|
3 Bed
|
2.5 Bath
|
1289 ft²
|
$675,000
3 Bed
2.5 Bath
1289 ft²
|
-
-
|
Terry G Tallent
PMA Real Estate Sales Inc
| |
|
03/08/2024
|
3 Bed
|
2.5 Bath
|
1289 ft²
|
$535,000
3 Bed
2.5 Bath
1289 ft²
|
-
-
|
Erin A Treadwell
Mainsail Realty Company
| |
|
01/18/2024
|
2 Bed
|
2.5 Bath
|
1191 ft²
|
$499,500
2 Bed
2.5 Bath
1191 ft²
|
-
-
|
John W Karpowich
EXP Realty LLC
| |
|
08/14/2023
|
3 Bed
|
2 Bath
|
-
|
$499,999
3 Bed
2 Bath
|
$430,000
-14.00%
09/15/2025
|
Douglas Addeo
Regional Trust Corporation
| |
|
02/04/2023
|
3 Bed
|
2.5 Bath
|
1289 ft²
|
$560,000
3 Bed
2.5 Bath
1289 ft²
|
-
-
|
Diyana G Nikolova
EXP Realty LLC
| |
|
02/02/2023
|
2 Bed
|
2.5 Bath
|
1289 ft²
|
$469,500
2 Bed
2.5 Bath
1289 ft²
|
-
-
|
Bruce Blankenship
RE/MAX Coastal Properties
| |
|
01/09/2023
| |
3 Bed
|
2.5 Bath
|
1289 ft²
|
$535,000
3 Bed
2.5 Bath
1289 ft²
|
-
-
|
Shelby Hinson
Engel & Volkers 30A Beaches
|
|
01/04/2023
|
3 Bed
|
3 Bath
|
1289 ft²
|
$535,000
3 Bed
3 Bath
1289 ft²
|
$525,000
-1.87%
02/13/2023
|
Shelby Hinson
Engel & Volkers 30A Beaches
| |
|
04/24/2022
|
3 Bed
|
3 Bath
|
1289 ft²
|
$455,000
3 Bed
3 Bath
1289 ft²
|
-
-
|
At The Beach Team
Keller Williams Realty Destin
| |
|
11/01/2021
|
2 Bed
|
3 Bath
|
1191 ft²
|
$445,000
2 Bed
3 Bath
1191 ft²
|
-
-
|
Bruce Blankenship
RE/MAX Coastal Properties
| |
|
10/20/2021
|
3 Bed
|
3 Bath
|
1289 ft²
|
$359,000
3 Bed
3 Bath
1289 ft²
|
$371,000
+3.34%
12/02/2021
|
Caleb Midgett
Scenic Sotheby's International Realty
| |
|
08/19/2021
|
3 Bed
|
3 Bath
|
1289 ft²
|
$439,900
3 Bed
3 Bath
1289 ft²
|
-
-
|
Bruce Blankenship
RE/MAX Coastal Properties
| |
|
04/27/2021
|
2 Bed
|
3 Bath
|
1182 ft²
|
$374,000
2 Bed
3 Bath
1182 ft²
|
-
-
|
-
| |
|
04/06/2021
|
3 Bed
|
3 Bath
|
1289 ft²
|
$325,000
3 Bed
3 Bath
1289 ft²
|
-
-
|
-
| |
|
10/02/2020
|
3 Bed
|
3 Bath
|
1289 ft²
|
$425,000
3 Bed
3 Bath
1289 ft²
|
-
-
|
-
| |
|
06/21/2020
|
2 Bed
|
2 Bath
|
1056 ft²
|
$249,900
2 Bed
2 Bath
1056 ft²
|
-
-
|
-
| |
|
01/21/2020
|
3 Bed
|
3 Bath
|
1289 ft²
|
$269,000
3 Bed
3 Bath
1289 ft²
|
-
-
|
-
| |
|
01/16/2020
|
3 Bed
|
3 Bath
|
1289 ft²
|
$275,000
3 Bed
3 Bath
1289 ft²
|
-
-
|
-
| |
|
09/25/2019
|
3 Bed
|
3 Bath
|
1289 ft²
|
$284,900
3 Bed
3 Bath
1289 ft²
|
-
-
|
-
| |
|
05/24/2019
|
3 Bed
|
4 Bath
|
1289 ft²
|
$253,000
3 Bed
4 Bath
1289 ft²
|
$247,000
-2.37%
02/14/2020
|
John E King
RE/MAX Crown Realty
| |
|
09/23/2018
|
3 Bed
|
2 Bath
|
1289 ft²
|
-
3 Bed
2 Bath
1289 ft²
|
-
-
|
-
| |
|
05/01/2016
|
3 Bed
|
3 Bath
|
1289 ft²
|
$223,700
3 Bed
3 Bath
1289 ft²
|
$200,000
-10.59%
08/05/2016
|
Wanda Duke
Destin - Crye*Leike Coastal Realty
| |
|
08/05/2015
|
3 Bed
|
3 Bath
|
1289 ft²
|
$210,000
3 Bed
3 Bath
1289 ft²
|
$205,000
-2.38%
09/30/2015
|
B J Chandler
Chandler Associates
| |
|
12/15/2014
|
3 Bed
|
3 Bath
|
1289 ft²
|
$209,000
3 Bed
3 Bath
1289 ft²
|
$198,000
-5.26%
06/12/2015
|
Denise Dufault
Gulf Coast Realty Group FL
| |
|
09/24/2014
|
3 Bed
|
3 Bath
|
1289 ft²
|
$167,100
3 Bed
3 Bath
1289 ft²
|
$167,000
-0.06%
07/01/2015
|
Patricia Williams
REALTY ONE GROUP MVP
| |
|
08/26/2013
|
3 Bed
|
4 Bath
|
1620 ft²
|
$169,900
3 Bed
4 Bath
1620 ft²
|
$160,000
-5.83%
12/19/2013
|
The Kelly Group Team
Keller Williams Realty Destin
| |
|
07/27/2013
|
4 Bed
|
3 Bath
|
1700 ft²
|
$145,000
4 Bed
3 Bath
1700 ft²
|
$130,000
-10.34%
08/21/2013
|
Annemarie Kronfuss
ERA American Real Estate
| |
|
06/01/2013
|
3 Bed
|
3 Bath
|
1289 ft²
|
$169,900
3 Bed
3 Bath
1289 ft²
|
$169,500
-0.24%
06/28/2013
|
Wanda Duke
Destin - Crye*Leike Coastal Realty
| |
|
01/10/2013
|
2 Bed
|
3 Bath
|
1191 ft²
|
$169,000
2 Bed
3 Bath
1191 ft²
|
$165,000
-2.37%
05/28/2013
|
Denise Dufault
Gulf Coast Realty Group FL
| |
|
11/15/2012
|
3 Bed
|
3 Bath
|
1289 ft²
|
$159,900
3 Bed
3 Bath
1289 ft²
|
$130,000
-18.70%
04/11/2014
|
B J Chandler
Chandler Associates
| |
|
05/22/2012
|
3 Bed
|
4 Bath
|
1620 ft²
|
$549,000
3 Bed
4 Bath
1620 ft²
|
$525,000
-4.37%
02/15/2013
|
John Cook
Coldwell Banker Realty
| |
|
04/20/2012
|
2 Bed
|
1 Bath
|
1056 ft²
|
$135,000
2 Bed
1 Bath
1056 ft²
|
$122,000
-9.63%
08/09/2012
|
The Kelly Group Team
Keller Williams Realty Destin
| |
|
03/26/2012
|
3 Bed
|
4 Bath
|
1620 ft²
|
$599,900
3 Bed
4 Bath
1620 ft²
|
$500,000
-16.65%
05/15/2012
|
John Cook
Coldwell Banker Realty
| |
|
11/19/2011
|
3 Bed
|
3 Bath
|
1269 ft²
|
$174,900
3 Bed
3 Bath
1269 ft²
|
$174,900
11/14/2014
|
Beth Beno
Keller Williams Realty Destin
| |
|
11/30/-0001
|
3 Bed
|
3 Bath
|
1289 ft²
|
$199,000
3 Bed
3 Bath
1289 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017